East meets West in Greece?
The Greek people are frustrated and rather angry with the treatment of their ”friends” in the Eurozone. What if Greece tells the Troika & Co to stuff it, and turn to “new” friends in the East. Maybe it would be the entrance via the backdoor for the wise guys in East. From Golem.
For whom might it make sense to help Greece, as impasse with Germany hardens and Greece approaches default? And what sort of offer of help would make sense for Greece?
Europe and in particular the Germans have painted themselves into a Teutonic corner. It will make no more nor less sense for Germany to blink in two or three weeks time than now. Of course as the reality nears, of their own banks and those in France having to come clean before their own populace about the bad loans they made to Greece, they may lose their nerve. I strongly recommend Mr Tsipras reiterate his determination to set up a Debt Commission. The prospect of Europe’s and America’s banks having all their grubby and quite possibly fraudulent dealings with Greece’s oligarch families when they were in government, paraded in public will leave many powerful people wondering if an unfortunate helicopter accident couldn’t be arranged by some friendly…. no, no no. What am I saying! Or perhaps a fire inside a sealed room? Only joking.
I think it would make perfect political sense for Russia, China, India and Iran as a loose group to offer to help Greece in its hour of need. Why them? Well they have already formed a loose, though not so very loose, group who will accept each other’s currencies in international deals, who already use the Yuan as a Settlement Currency (a currency considered safe and stable enough for major deals, like oil and gas, to be conducted in it) and have been accumulating gold so that they could, in the event of a major currency incident, mention that their currency has large gold reserves behind it.
Full article here.